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Two competing soft-drinks firm Cepsi and Poke are entering a new market where neither has been sold before. What type of LR pricing strategy would these firms consider?
Esther price of maple syrup increased by $6 per pint - $7 per pint production increase from 250 to 300 pints what is the elasticity of supply over this range is Supply elastic or inelastic over this range
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
Distinguish between the resources market and the product market in the circular flow model.
Assume there is a labor force of 16 workers at an isolated site. During boom the firm faces a demand curve of P=100-Q. During recession it faces a curve of 80-2Q. Like likelihoods of Boom and Recession are 60% and 40%, respectively. How many workers ..
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States?
The following report appeared in the New York Times on August 7, 1989: “A soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth. Interpret this paragraph using the short run model of exchange rates ..
What effect does population growth have on economic development? Why have most developing countries followed inward-oriented development strategies?
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
Assuming that the price level is P = 1, find the equilibrium real output, interest rate, consumption, and investment. Organize your results in the following table. (Hint: You should solve both the goods market and the money market equilibrium.) Now a..
Consider the Golden Rule level of capital. Suppose a country found out that they are overcapitalized, that is their current steady-state capital stock per worker is greater than the Golden Rule level. What does that imply for their level of MPK relat..
State whether each of the following events will cause a movement along the demand curve for Big Mac or whether it will cause the demand curve for Big Mac to shift? Fast-food restaurants post nutrition warning labels.
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